DRAKE COMMUNITY DEVELOPMENT INC

EIN: 581607164 501(c)(3) Human Services

BATTLEBORO, NC

Total Revenue
$70,334
Total Expenses
$60,883
Total Assets
$481,558
Net Assets
$481,558
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NC
Principal Officer
MARVIN ARRINGTON
Phone
2524428000
Tax Period
2024-01-01 to 2024-12-31

DRAKE COMMUNITY DEVELOPMENT INC, founded in 2003, is a micro nonprofit in the Human Services sector that reported $70K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $61K left a modest 13% surplus.

Mission

TO UNITE THE RESIDENCE CITIZENS AND SURROUNDING PEOPLE AS A COMMUNITY TO ENCOURAGE CITIZEN PARTICIPATION IN IMPROVING AND MAINTAINING THE PHYSICAL APPEARANCE AND INFRASTRUCTURE OF THE COMMUNITY. TO PROMOTE EDUCATION AND INSPIRE LEADERSHIP FOR SERVICE IN THE PUBLIC AND PRIVATE SECTOR. TO ENCOURAGE AND DEVELOP FINANCIAL RESOURCES WHICH ENHANCE THE WELFARE AND QUALITY OF LIFE FOR THE CITIZENS OF THE COMMUNITY. TO BE A UNITED VOICE FOR THE HUMAN SERVICES NEEDED FOR A HEALTHY, SAFE AND PEACEFUL EXISTENCE OF THE CITIZENS IN THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $69,785
Investment Income $549
Other Revenue $0
TOTAL REVENUE $70,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,355
Fundraising Expenses $0
Program Expenses $48,629
Other Expenses $44,528
TOTAL EXPENSES $60,883

Year-over-Year Comparison

2024 2023 Change
Revenue $70,334 $75,335 -0.1%
Expenses $60,883 $71,923 -0.2%
Net Income $9,451 $3,412 +1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$23,605
Total Directors
6
$22,305
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARVIN ARRINGTON PRESIDENT 40.00
Officer Director
$22,305 $0 $22,305
DELOISE F JONES VICE PRESIDE N/A
Officer
$0 $0 $0
CAROLYN F ARRINGTON SECRETARY N/A
Officer
$0 $0 $0
SUSIE ALSTON ASSISTANT SE N/A
Officer
$0 $0 $0
BEVERLYN L RICHARDSON BOD MEMBER N/A
Director
$0 $0 $0
WILLIAM ARRINGTON VICE CHAIR N/A
Director
$0 $0 $0
DAVID L BOWENS BOD MEMBER N/A
Director
$0 $0 $0
DONALD FOBBS BOD MEMBER N/A
Director
$0 $0 $0
ROSA HARRISON BOD MEMBER N/A
Director
$0 $0 $0
PATRICIA PEOPLES TREASURER 1.00
Officer
$1,300 $0 $1,300
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $70,334 $60,883 $481,558 $9,451
2023 $75,335 $71,923 $472,107 $3,412
2022 $69,796 $65,798 $468,695 $3,998
2021 $55,698 $46,485 $464,697 $9,213
2019 $57,212 $63,224 $505,722 $-6,012
2018 $52,042 $53,999 $511,734 $-1,957
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